ITC Hotels Secures Yashobhoomi Land for Premium 5-Star Convention Hotel

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AuthorAnanya Iyer|Published at:
ITC Hotels Secures Yashobhoomi Land for Premium 5-Star Convention Hotel
Overview

ITC Hotels has secured a long-term lease for land at Yashobhoomi in Dwarka, New Delhi. The site will host a premium 5-star hotel with banqueting and culinary facilities. This development aims to bolster Yashobhoomi's position as a premier international convention and events destination, significantly boosting the MICE industry.

Land Secured for Premium Hotel Development

ITC Hotels announced Tuesday the allotment of leasehold land at the India International Convention and Exhibition Centre Limited's Yashobhoomi complex in Dwarka, New Delhi. The agreement signifies a long-term commitment to developing a significant hospitality asset in the nation's capital.

Enhancing Yashobhoomi's Global Standing

The acquired land is earmarked for a premium 5-star hotel, which will feature contemporary banqueting facilities and diverse culinary experiences. This development is strategically designed to elevate Yashobhoomi's stature as a premier international destination capable of hosting large-scale conventions, conferences, exhibitions, and marquee events.

MICE Sector Boost

ITC Hotels Managing Director Anil Chadha highlighted Yashobhoomi as a "gamechanger" for the Meetings, Incentives, Conferences, and Exhibitions (MICE) industry. He noted the venue's success in hosting numerous trade shows and major conventions. Chadha pledged that ITC Hotels would invest fully to create a world-class hospitality offering, showcasing its renowned culinary and service excellence to a global clientele.

Expanding Delhi NCR Footprint

The new hotel will further strengthen ITC Hotels' presence in the Delhi National Capital Region. The company currently operates 10 properties with a combined inventory of 1,599 keys across its various brands, including ITC Hotels, Welcomhotel, and Fortune. This expansion aligns with the company's growth strategy in key urban markets.

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